Industry Analysis - Hotels, Motels, and Other Lodging Places

Indus evaluate Analysis Paper Hotels, Rooming Houses, Camps, and Other Lodging Places SIC order 70 Table of Contents 1. Introduction (Very Important) 2. The Industrys Dominant Economic Features ? market place size Answer: In terms of revenue $90 billion ? mise en scene of rivalry Answer: Rivalry is very high in this sedulousness because on that point are many firms that have very interchangeable products ?Growth rate and what stage of the life cycle is the intentness in Answer: In terms of revenue 3.2% growth, the pains is in the emerging industry stage of the life cycle because the industry is re-emerging as international and domestic travel are move to grow, the hotel industry will grow along with it. ?Number of rivals and their relation size Answer: There are hundreds of different hotel chains, precisely there are 6 major players in the industry. The top firms in the industry make up approximately 20% of the finished industry. ?Prevalence of forward/backwards integration, channels of distribution, pace of touch and product technology change Answer: Some firms have attempt to forward integrate into the forage and beverage industry or the health club industry with little success.

The Marriott ended up having to backwards integrate after trying to tap into the food and beverage industry when it wasnt profitable for them. Technology change is not occurring much in the industry. Some firms are beginning to try and open some special boutique chain hotels but they will not open until the next year. ?Whether products are exceedingly differentiated or very similar Answer: Very similar ?To what bound are economies of graduated table in purchasing, distribution, advertising, etc. important Answer: Economies of scale are somewhat important when it comes to purchasing, distribution, advertising, and other things in the industry because when large players like Marriott and Hilton control a lot of the market, they hind end demand lower prices from their suppliers, can demand to have their... If you emergency to get a full essay, order it on our website: Orderessay

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